Eurocrats demand a single European bond market

Anyone who thinks that I exaggerate the power-hunger of the Brussels nomenklatura should watch the above clip. The leader of the Euro-liberals, Guy Verhofstadt, is roundly applauded as he calls for "real economic governance", "a real economic and fiscal union" and "one European bond market".

This last idea has been enthusiastically taken up by our own Lib Dems – and (hat-tip, Left Foot Forward) by elements of Labour.

See, once again, how, whatever the question, the answer is always More Europe. EMU succeeding? More Europe! EMU in crisis? More Europe! EMU just bumbling along? More Europe!Revolution in Tunisia? More Europe! Overcast day in Eindhoven? More Europe!